News

51 readers

1 users here now

Breaking news and current events worldwide.

founded 2 years ago

J&J effort to resolve talc lawsuits in bankruptcy fails a second time (www.reuters.com)

submitted 2 years ago by Madison_rogue@kbin.social to c/news@kbin.social

3 comments fedilink hide all child comments

NEW YORK, July 28 (Reuters) - A U.S. judge on Friday shot down Johnson & Johnson's (JNJ.N) second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement that would stop new lawsuits from being filed.

you are viewing a single comment's thread
view the rest of the comments

[–] mPony@kbin.social 6 points 2 years ago (1 children)

in the "corporations are people" doom-world, imagine if a person tried this: "I have a billion dollars at my disposal but the part of me that answers to legal judgments is bankrupt." I've seen some audacious claims in my day but this is an absolute jaw-dropper.

[–] Hegar@kbin.social 3 points 2 years ago* (last edited 2 years ago)

If I knowingly and intentionally spent 50 years giving mothers and children cancer, I might face some kind of consequences. But if I take their money while doing it, worst case I might have to give a small fraction of it back.